Derwent London Rating Lowered to Hold at Societe Generale (DLN)
Derwent London (LON:DLN) was downgraded by equities researchers at Societe Generale to a “hold” rating in a research report issued on Tuesday, Analyst Ratings.Net reports. They currently have a GBX 2,470 ($39.85) target price on the stock, down from their previous target price of GBX 2,610 ($42.11). Societe Generale’s price objective indicates a potential upside of 4.26% from the stock’s previous close.
Derwent London (LON:DLN) opened at 2358.00 on Tuesday. Derwent London has a 52-week low of GBX 1927.00 and a 52-week high of GBX 2550.00. The stock’s 50-day moving average is GBX 2343. and its 200-day moving average is GBX 2324.32. The company’s market cap is £2.415 billion.
DLN has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Derwent London (LON:DLN) in a research note to investors on Wednesday, September 18th. They now have a GBX 2,380 ($38.40) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Derwent London (LON:DLN) in a research note to investors on Friday, September 13th. They now have a GBX 2,500 ($40.34) price target on the stock. Finally, analysts at Numis Securities Ltd raised their price target on shares of Derwent London (LON:DLN) from GBX 2,390 ($38.56) to GBX 2,595 ($41.87) in a research note to investors on Tuesday, September 10th. They now have an “add” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Derwent London presently has a consensus rating of “Hold” and a consensus price target of GBX 2,441.50 ($39.39).
Derwent London plc is a real estate investment trust (LON:DLN) focused on the central London commercial property market.
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